This brief aims to highlight some of the difficulties involved in elaborating a working border carbon adjustment (BCA) regime. It demonstrates both the tensions between the various possible BCA objectives and the necessarily imperfect options that are available for bridging the tension between...

President Bush declared America “addicted to oil” in his fifth State of the Union address, uttering what is now a common refrain used to urge the development of alternative fuel sources. Before progress can be made to modernize the U.S. fuel mix, though, it is important to consider how and...

The principal aim of this report is to turn the latest research on environment-related risk factors facing thermal coal assets into actionable investment hypotheses for investors. By examining the fundamental drivers of environment-related risk, creating appropriate measures to differentiate the...

This paper proposes a new methodology for differentiating oil demand and supply shocks using the information content of forward-looking asset prices for crude oil and refined products. Building upon the industry folk wisdom that demand and supply shocks have asymmetric passthrough dynamics...

Climate regulation of the electricity sector is one of the most important growing — and rapidly changing — areas of law and policy today. This is both because of the critical role that electricity plays in modern society, acting as economic lifeblood, and because of electricity's part in...

Determination, from the annual observations on the period 1960-79, elasticity of the request of a combustible in comparison with his price and in comparison with the prices of the combustible others in seven countries of the OECD

What is entrepreneurship? Who is the entrepreneur? Why, when and how does entrepreneurship originate and what are its effects across time and border? The lack of a satisfactory definition and conceptual framework of entrepreneurship has undermined the legitimacy of entrepreneurship as a unique...

India’s rapidly growing economy naturally demands increasing energy needs from the industrial scale down to the personal. Mindful of potential negative impacts of economic development, India is making efforts to encourage growth while preserving and protecting the environment and human rights....

Estimated fuel price elasticities are consistent with reactions following the second major oil shock, having been significantly different from reactions to its predecessor. In turn, elasticities for both sub-periods are not well represented by those estimated for 1960-1982 as a whole

This document describes the REMIND model in its version 1.6. REMIND is an integrated assessment model of the energy-economy-climate system. REMIND stands for “Regional Model of Investments and Development.”